The Market and You
By: Ben Manning
Updated: May 7, 2010
ALTOONA, BLAIR COUNTY - The DOW dove almost a thousand points Thursday afternoon. It bounced back quite a bit, but still closed out the day 360 points down. Analysts are blaming a glitch that triggered automatic selling programs, some bad economic news, and the troubles in Greece. So what does that mean to the average person on the street?
Financial Investor Marty Kooman says after what happened on Wall Street he got calls from people that haven't called him in years. He says people shouldn't panic over what happened. But we all should pay attention.
Harvey Bailey leapt into the stock market with two shares of Exxon Mobil many years ago, he’s let them roll over and increase, and now he has 17 shares. He knows he’s not a big investor but he still pays attentions to the market.
But Marcia Homan says she doesn't pay attention to the stocks unless it's a big enough change to hit the news. The near thousand point losses and gains did make big news Thursday.
Kathy Davis says it’s scary for anyone with money in the market, but the ripples effect can change anyone’s mind about what to do with their money.
Kooman says we're all connected to the market, and should be rooting for it to do well. He says companies that do well hire more people, buy more equipment and stimulate the economy across the nation.
He says people shouldn't change their long term investment plans because of one weird day on Wall Street. And he says the stock market is for long term investment. If you are looking for a return in less than five years you shouldn’t be in the stock market.
Kooman says with pensions, 401 K's, and other investments %70 of the U.S population has money in the stock market, whether they consider themselves investors or not.
Financial Investor Marty Kooman says after what happened on Wall Street he got calls from people that haven't called him in years. He says people shouldn't panic over what happened. But we all should pay attention.
Harvey Bailey leapt into the stock market with two shares of Exxon Mobil many years ago, he’s let them roll over and increase, and now he has 17 shares. He knows he’s not a big investor but he still pays attentions to the market.
But Marcia Homan says she doesn't pay attention to the stocks unless it's a big enough change to hit the news. The near thousand point losses and gains did make big news Thursday.
Kathy Davis says it’s scary for anyone with money in the market, but the ripples effect can change anyone’s mind about what to do with their money.
Kooman says we're all connected to the market, and should be rooting for it to do well. He says companies that do well hire more people, buy more equipment and stimulate the economy across the nation.
He says people shouldn't change their long term investment plans because of one weird day on Wall Street. And he says the stock market is for long term investment. If you are looking for a return in less than five years you shouldn’t be in the stock market.
Kooman says with pensions, 401 K's, and other investments %70 of the U.S population has money in the stock market, whether they consider themselves investors or not.
